A counteroffer occurs when the seller (or buyer, if responding to a counter) changes any term from the prior offer, including price, inclusions, conditions, or contract dates. Legally, the act of making a counteroffer voids the original offer. The negotiation process effectively resets with the new proposal.
On Bōde, each counteroffer is clearly documented, timestamped, and delivered to the other party for review. The receiving party may accept it, decline it, or create another counterproposal. This continues until both sides fully agree.
Once an agreement is reached, Bōde generates a final Purchase Contract reflecting all negotiated terms, eliminating manual errors that commonly occur in multi-stage negotiations. A full revision history is preserved for transparency, which is especially helpful for buyers, sellers, and their legal representatives.